Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$221,225$221,225$359,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$138,685$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%5.824%7.640%
1st payment$1,175.51$1,175.51$2,491.94
2nd payment$0.00$924.57$0.00
Taxes / mo$125.50$125.50$125.50
Insurance / mo$150.00$150.00$150.00
MI / mo$182.92$182.92$71.98
HOA / mo$51.00$51.00$51.00
Total monthly$1,684.93$2,609.50$2,890.43
Cash to close$178,675$39,990$39,990